Virginia Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. A Virginia Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of Virginia. This type of deed provides a limited warranty to the buyer, ensuring that the seller guarantees they own the surface rights to the property and have the right to transfer them. The Virginia Warranty Deed for Surface with Limited Warranty serves as proof of ownership for the surface rights of the property. It is typically used when a seller wants to transfer the surface rights but does not want to provide a full warranty guaranteeing the condition of the property or any potential title issues. This type of deed includes important information such as the names of the seller (granter) and buyer (grantee), a legal description of the property, and the purchase price. It also outlines the limited warranty that the seller provides, which typically states that they have not encumbered the surface rights and have the legal authority to transfer them. There are different variations of the Virginia Warranty Deed for Surface with Limited Warranty, including: 1. General Warranty Deed: This type provides the highest level of protection to the buyer, as it guarantees the seller's ownership and protects against any defects in title, whether they occurred before or during their ownership. 2. Special Warranty Deed: This variation limits the seller's warranties to only the time they owned the property. It protects the buyer against any defects or title issues that arose during the seller's ownership but does not cover any previous defects. 3. Quitclaim Deed: This type of deed offers the least protection to the buyer. It simply transfers the seller's rights and interests in the property without making any guarantees about the ownership or title. In summary, a Virginia Warranty Deed for Surface with Limited Warranty is a legal document used to transfer surface rights in real estate transactions in Virginia. It provides a limited warranty from the seller, ensuring that they own and have the right to transfer the surface rights but does not guarantee the condition of the property or protect against all title issues. Different variations of this deed include the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed.

A Virginia Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of Virginia. This type of deed provides a limited warranty to the buyer, ensuring that the seller guarantees they own the surface rights to the property and have the right to transfer them. The Virginia Warranty Deed for Surface with Limited Warranty serves as proof of ownership for the surface rights of the property. It is typically used when a seller wants to transfer the surface rights but does not want to provide a full warranty guaranteeing the condition of the property or any potential title issues. This type of deed includes important information such as the names of the seller (granter) and buyer (grantee), a legal description of the property, and the purchase price. It also outlines the limited warranty that the seller provides, which typically states that they have not encumbered the surface rights and have the legal authority to transfer them. There are different variations of the Virginia Warranty Deed for Surface with Limited Warranty, including: 1. General Warranty Deed: This type provides the highest level of protection to the buyer, as it guarantees the seller's ownership and protects against any defects in title, whether they occurred before or during their ownership. 2. Special Warranty Deed: This variation limits the seller's warranties to only the time they owned the property. It protects the buyer against any defects or title issues that arose during the seller's ownership but does not cover any previous defects. 3. Quitclaim Deed: This type of deed offers the least protection to the buyer. It simply transfers the seller's rights and interests in the property without making any guarantees about the ownership or title. In summary, a Virginia Warranty Deed for Surface with Limited Warranty is a legal document used to transfer surface rights in real estate transactions in Virginia. It provides a limited warranty from the seller, ensuring that they own and have the right to transfer the surface rights but does not guarantee the condition of the property or protect against all title issues. Different variations of this deed include the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed.